ECB Sets Monday Deadline for Cyprus

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... the the ... speaking of market still the European Central Bank sets a Monday deadline for a site for steel ... and to busy day for markets Michael Casey is here to break it down ... Michael could monies are coming and ... it was still ... alright let's start with Cyprus they were basically Cypriots have to work out a bank rescue deal were to keep getting liquidity from the Citibank's theaters in addition to many uses this program these he maintains ... when banks desperate need cash to its key ally in the trend is is ... is is being quietly working ... in the background ... and and now ... that that that the ECB isn't couple maintain that in this this up front with which the system is the recap was going through it ... took super deals all about the cause is unknown ... the plan it put in place a rather controversial one ... involving attacks on deposits was rejected by the Parliament ... and now the stupid government is desperately trying to arrange alternative ... fund including a line from Robin Russia which is in the forthcoming ... as a very difficult ... situation ... which could cost ... ultimately lead to ... Cypress's exit from from the euro zone we'll see what remarkable wanted to get this one is that in the markets really don't seem to beat in Friday's due to an end state in the market mainly a lot of other news today for instance jobless claims show up two thousand less there are thirty six dollars out of the comparable SOEs up a mock its efforts into three that that's that's better than expected is opted to instill in you ... quite loudly on but again will we be news to the sea is ... calm we look to him forty thousand ... ounces this is a better number than that ... it ... that that novices continue to look quite positive in terms of the US is that that's helping the dollar of course but it's also helping the stock market ... and cost yet ... been Anqi it's a ... make a very clear that the city is is really not hiring one back its stimulus program via the online ... is helping to underpin demand for stocks in for risk assets in general and if I never knew Europe which is why when not necessarily seeing ... the markets to fall would have seen the euro nonetheless declined this morning ... the reason for that is the time ... will people flash PMI day ... it then preliminary manufacturing numbers out of European countries was just ... very weak which still isn't will nominate is that the euro zone is in ... use in a severe recession or if I'm ... I'm ... China Olsen had dinner out tonight that was ... considered the better than going to the new rules but some other than expected such theme this bifurcated well when she thought the U S and China ... you know of a rolling along relatively well but that the euro zones and in the call ... we he will get our minds is the ... most closely watched ... pasta with scooter market ... it's produced by market data company ... and other flash PMI number so look for it had also three stocks you're looking at Gorsky's DEL yet dealt costly and disruptive to swirl what you call so that it is just this this ongoing saga ... the latest news team ... that that could stymie ... Michael Dell's efforts to to to buy back the company ... has applied the Blackstone group is mulling its options is to sell these next that's one of the ... the um ... kind of ... at the dissident ... shareholder large shareholders allege doses of the city very close to the tothe prevented deals will pull its own on ... that side bets in the way except of course will just continue to keep the stock ... down theory on this one is that the spirit is gaining back ... or callings are now deadlocked Anderson an analyst with the disease is the way to Wednesday I don't know ... if they didn't do that it's a good fit for sales numbers ... the last clue that this is the fiscal third quarter just ended ... and Dom ... Oracle's planted on ... the run and execution problems quick review the lack of an audio marker was on the colonies and really we have a problem right which is enormous the recession has brought right but it's also perhaps it's just easy to say cousin is that mission to find a broom in hand it's a story from to be something trend four thousand sales last year I enticed eighteen months and the thousands of low light is the presence of the better ... but the thing is is it a few analysts are picking up the effect on the line the numbers in maybe I'm a ... bit of a lack the entire community can cross off with demanded that tried to come in line to sell assets or you can say we've been on a much time but Lululemon ... LULU Eminem and and that it will come to the sheer probably ... see a problem as yoga pants of course this is this is a fantastic story ... recall that had become as a result of the Wii with this and will ... play tonight that they cannot today to tell us ... how to their earnings of any profits they ... undermined ... by this recall and that's in it so it ... appears ... likely Casey thank so much for joining us thank you